State Street has been appointed as servicing agent for an AllianceBernstein ETF in Australia that now offers the dual access option. Originally developed seven years ago, AB’s Managed Volatility Equities Fund was listed on the Chi-X exchange in April, leveraging the innovative dual access model, which enables active managers to run a single register for…
Category: Mandates
Apex to administer new energy fund for Federation Asset Management
Apex Group has expanded its relationship with Federation Asset Management to administer the Sustainable Australian Real Asset Trust (SARA), an energy transition investment fund. Apex will provide fund administration, share registry and regulatory services. SARA will invest in renewable energy projects and developments, energy storage systems and other sustainable infrastructure projects and developments across Australia…
PNC appoints SS&C for accounting and operations
Producer’s National Corporation, a U.S.-based insurance holding company, has selected SS&C to manage accounting and operations across its alternative and fixed income investment portfolios. The mandate covers PNC’s three insurance companies: Unique Insurance Company, Viva Seguros Insurance Company, and Stonegate Insurance Company.
Lemanik takes over as ManCo for ICBC SICAV
Lemanik Asset Management, the Luxembourg-based ManCo and AIFM, has been appointed as ManCo for the ICBC (Europe) UCITS SICAV. The fund has currently two sub-funds: the China Opportunity Bond Fund and the ICBC Schroders Belt and Road Bond Funds, with ICBC Asset Management (Global) Company Limited (Asia) as investment manager and Schroder Investment Management (Hong…
Credit Value Partners launches ILP
Credit Value Partners LLC, a U.S.-based private capital firm, has launched one of the first funds to be set up using the new Irish Investment Limited Partnership regime. Carne Group has been appointed as ManCo, with U.S. Bank appointed as administrator and depositary.
Evenlode appoints Equity Trustees as ManCo for new ICAV
Evenlode Investment Management, a UK based investment manager, has launched a second global equity fund in Ireland, the Evenlode Global Opportunities Fund. Equity Trustees, the Australia-based administrator, has been appointed as UCITS ManCo to the Evenlode ICAV.
CC&L appoints HSBC to administer new Irish ICAV
HSBC has been appointed by Connor, Clark & Lunn Financial Group Ltd, one of Canada’s largest independent asset management firms, to provide fund administration, transfer agency, custody and depositary services to its first Ireland-registered UCITS umbrella fund. The initial sub-funds include the CC&L Q Emerging Markets Equity UCITS Fund and the CC&L Q Global Equity…
Apex to administer new music rights fund for Barometer
Apex Group has been appointed by Barometer Capital Management Inc., an independently owned Canadian investment firm that manages > CAD1bn, to provide administration services to the Barometer Global Music Royalty Fund LP. Barometer Capital has partnered with the Kilometre Music Group Inc., a music rights management company, to launch the fund, a limited partnership with…
Crestbridge supports launch of energy RAIF for ETIC
Crestbridge, the C.I.-based administrator, has supported the launch of the Energy Transition Europe Fund by Energy Transition International Capital. The fund is a Luxembourg-domiciled RAIF. Crestbridge’s Luxembourg team provided and continues to provide a range of administrative services to the new fund, including accounting, reporting and compliance.
Hillman moves USD176m value fund to SS&C ALPS Series Trust
Hillman Capital Management, a U.S.-based equity manager, has transitioned its Hillman Value Fund (HCMAX) to SS&C ALPS Series Trust. SS&C ALPS Registered Fund Services will administer the USD176m fund. The SS&C ALPS Series Trust platform provides a front-to-back solution for asset managers and fund issuers. The turn-key service model includes compliance, creative Web services, distribution…